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Latest News

Nucor Expands Plate-Making Capabilities Through Acquisition

20 July 2016 - Nucor Corp. is acquiring a plate mill from a mining equipment manufacturer for about US$29 million, the steelmaker announced on Thursday.

British Steel Names Industry Veteran as Top Executive

20 July 2016 - Roland Junck, who once oversaw ArcelorMittal, has been named executive chairman of the new British Steel, the U.K. steelmaker announced on Thursday.

New Owner of Cold-Finish Equipment Manufacturer Looks to Streamline Production

20 July 2016 - Pennsylvania-based Big B Manufacturing has acquired cold-finished machine maker Hetran Inc. out of bankruptcy for US$765,000, according to reports.

There's More to Be Done on Meeting Fuel-Efficicency Standards, and Steel Still Has a Role to Play, Government Report Says

20 July 2016 - A new government report estimates that the U.S. vehicle fleet will average between 50 and 52.6 mpg in model year 2025, short of the goal laid out by the Obama administration in 2012. Nevertheless, automakers have made strides in improving fuel efficiency and can do even better.

SDI Looks for New Paint Line to Start in Early 2017; Wins Quality Certification for Premium Rail

19 July 2016 - Construction of a new paint line at Steel Dynamics Inc.’s Columbus, Miss., plant is on budget and on schedule, chief executive Mark Millet said on Tuesday.

China Allowing Foreign Steelmakers to Set Up Wholly Owned Businesses

19 July 2016 - China is easing restrictions on foreign-owned companies from establishing steel-making plants in the country, reports the South China Morning Post.

U.S. Commerce Department Affirms Structural Tubing Duties

19 July 2016 - The U.S. Commerce Department has signed off on anti-dumping duties on carbon structural tubing from three countries.

Report: Overseas Bidder Looking at U.S. Steel Canada, Essar Algoma

18 July 2016 - A metals trading firm that seems to have lost out on its bid to acquire all of Tata Steel’s U.K. business is turning its attention to overseas targets, reports The (London) Financial Times.

Improving Flat Rolled Market Lifts Profits at Steel Dynamics

18 July 2016 - Steel Dynamics Inc. saw its second-quarter profits more than double due in part to improving conditions in the flat rolled sector, the company said on Monday.

Tenaris to Open Canadian Service Center By Year's End

18 July 2016 - Oil country tubular goods manufacturer Tenaris plans to open a service center in Alberta, Canada, late this year in support of oil and gas drillers operating in the Duvernay and Montney shales, the company has announced.

Rotek Expands Seamless Ring Capacity

18 July 2016 - Thyssenkrupp’s Rotek Inc. said the installation of a new ring mill at its Aurora, Ohio, plant is on schedule and expects to put it into service on 1 September.

China Makes a Record Amount of Steel in June

15 July 2016 - Chinese steel mills produced crude steel at a rate of 2.32 million metric tons per day in June, making the month the busiest ever -- on a daily basis -- for the country’s steelmakers, reports the Bloomberg news service.

German Steelmaker Expands Capabilities With Bar Mill Improvements

15 July 2016 - SMS group has won a contract to expand a German special bar quality mill, the equipment maker has announced.

EVRAZ Begins Work on New Blast Furnace in Russia

15 July 2016 - Russia’s EVRAZ has begun building a US$170 million blast furnace at its Nizhny Tagil steel works, the company has announced.

Essar Minnesota Names New Chief Executive

15 July 2016 - Essar Steel Minnesota has named a new chief executive to help guide the company through Chapter 11 bankruptcy and to help it complete its US$1.9 billion taconite mine and pellet plant, reports the Minneapolis Star Tribune.

NAFTA Panel Mostly Rejects Mexican Challenge to U.S. Duty Order on Rebar

14 July 2016 - A North American Free Trade Agreement review panel has generally upheld a finding that U.S. producers had been harmed by unfairly traded Mexican rebar exports.

Investment Firm Drops Plan to Acquire Canadian Steelmakers

14 July 2016 - A New York-based private equity firm has backed out of a deal to buy Canada’s Essar Steel Algoma and reportedly has dropped a separate bid for another major Canadian steelmaker, U. S. Steel Canada.

Better Margins, Prices Expected to Boost BlueScope's Bottom Line

14 July 2016 - Australia’s BlueScope Steel Ltd. said it expects to beat its second-half earnings guidance due to higher margins in its U.S. businesses and greater Asian steel prices.

'We Must Fulfill the Plan to Cut Overcapacity of Steel,' Says China Economic Planner

14 July 2016 - Chinese officials reaffirmed the country's intentions to cut coal and steel production on Thursday as the American Iron & Steel Institute urged the U.S. government to vigorously enforce its trade laws.

China, U.S. Accuse Each Other of Violating WTO Commitments

13 July 2016 - China says it will fight a preliminary duty order on stainless sheet and strip, contending that the U.S. Commerce Department deliberately misinterpreted WTO rules, reports Xinhua, China’s official news agency.

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